Friday, April 11, 2008

Garifuna Coalition Reaches Capacity Building Milestone

Garifuna Coalition Reaches Capacity Building Milestone
The goal is to increase transparency and accountability
Contacts: José Francisco Ávila (917) 783-5298 info@garifunacolait www.garifunacoaliti
New York – The Garifuna Coalition USA, Inc. a nonprofit, nonpartisan, 501(c)(3) tax-exempt organization is delighted to announce that it has reached key milestones in the implementation of suggested management and governance guidelines and best-practices for a well-run nonprofit.
Grantmakers for Effective Organizations, defines an effective nonprofit as one that has "the ability to fulfill its mission through a blend of sound management, strong governance, and a persistent rededication to achieving results."[1] Nine months ago, the Garifuna Coalition USA, Inc. embarked on a capacity building program to meet the key characteristics of an effective nonprofit. The program included annual Filings required of effective nonprofits as it seeks to increase transparency and accountability. Among the filings are: IRS 501(c) (3) Tax Exempt Status Determination Letter; Registration with the Attorney General's Charities Bureau, which is responsible for supervising charitable organizations to insure that donors and beneficiaries of those charities are protected from unscrupulous practices in the solicitation and management of charitable assets.[2] Annual Report of Charitable Organizations, which must be filed with the Charities Bureau every year by all registered organizations, even those meeting annual report exemption requirements; New York State and local sales tax exemption and electronically filed Form 990-N (e-Postcard) a new requirement for small Exempt Organizations.[3]
Furthermore, the Garifuna Coalition USA, Inc. understands that the Board of Directors is the first line of defense against fraud and abuse for a nonprofit, therefore, it is revising its board recruitment and development program, to ascertain that the Board provides adequate legal and leadership responsibilities for the organization and make sure the it stays true to its mission and makes itself accountable to the community. Towards that goal, current bard members attended the New York Foundation’s orientation for New Grantees, where they were introduced to their Technical Assistance Program; as part of the program they have participated in an Advanced Fundraising Workshop as they prepare to develop a reliable and diverse revenue streams and will be participating in a two day seminar on Nonprofit Fiscal Management, which will prove beneficial as they establish a financial management system for budgeting, bookkeeping and reporting to manage the organization’ s resources.
The Garifuna Coalition USA, Inc is delighted to have reached these key milestones in its capacity building program, which will increase transparency and accountability as it implements best-practices for a well-run nonprofit.

About the Garifuna Coalition USA, Inc.

The Garifuna Coalition USA, Inc. is a nonprofit, nonpartisan, 501(c) (3) tax-exempt organization headquartered in New York City . It was founded on May 9th, 1998 and was incorporated as a Domestic not for Profit Corporation on May 28, 1999. The purpose of the Garifuna Coalition USA, Inc. is to serve as a resource, a forum, and advocate for Garifuna issues and a united voice for the Garifuna community. It seeks to find solutions to social problems such as, poverty, immigration and housing affecting the Garifuna people, through grassroots organizing and community development.

[1] Grantmakers for Effective Organizations www.geofunders. org
[2] www.oag.state.

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